This operating agreement exhibit provides that each party has the right to take in kind its share of gas produced from the Contract Area and market or otherwise dispose of its gas. In the event any party is not, at any time, taking or marketing its share of gas, or has contracted to sell its share of gas produced from the Contract Area to a purchaser which does not, at any time, take the full share of gas attributable to the interest of the party, then the terms of this agreement shall automatically become operative.
Arkansas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 is a legal document that outlines the specific terms and conditions related to gas balancing agreements in the state of Arkansas. This agreement is crucial for ensuring smooth operations in the gas industry by balancing the supply and demand of natural gas. The Arkansas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 serves as a comprehensive guide that addresses various aspects of gas balancing, including the roles and responsibilities of the parties involved, the measurement and verification procedures, and the penalties for non-compliance. By adhering to this agreement, gas companies can avoid disruptions in the gas supply chain and maintain a stable gas market. Different types of Arkansas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 may exist based on the specific circumstances and requirements of the parties involved. Some of these variations could include: 1. Arkansas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 (General): This is a standard agreement that outlines the generic terms and conditions applicable to gas balancing in Arkansas. It may be used by companies with relatively simple balancing requirements. 2. Arkansas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 (Advanced): This agreement is tailored to meet the needs of companies with complex gas balancing requirements. It may include additional clauses or provisions to address specific challenges or unique circumstances. 3. Arkansas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 (Temporary): This type of agreement is designed for short-term gas balancing arrangements, such as during periods of high demand or maintenance activities. It allows for temporary modifications to the regular balancing procedures. 4. Arkansas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 (Renewable Energy): This agreement focuses on gas balancing in the context of renewable energy sources, such as wind or solar power. It may include provisions that account for the intermittent nature of renewable energy generation and its impact on gas supply and demand. 5. Arkansas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 (Interstate): This agreement is specific to gas balancing between different states. It addresses the coordination, measurement, and verification procedures needed for effective interstate gas balancing. In conclusion, the Arkansas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 is an important legal document that regulates gas balancing activities in Arkansas. The variations in this agreement cater to the diverse needs and circumstances of different gas companies and industries operating in the state.
